Question

Mr.Sabhadeep Sarkar has two properties, the particulars of which are given
below for the year ended 31.3.19.
House No. 1
House No. 2
1. Used for
2 Equal portion for
Let-out for
Let-out and self-occupied Business
2. Location
Kolkata
North 24 Parganas
3. Municipal Tax @10%
17,100
17,100
4. Fair Rent
1,75,000
1,70,000
5. Standard Rent
1,95,000
1,75,000
6. Rent Received
67,500
1,35,000
7. Interest on Loan
68,000
35,000
8. Vacancy period
3 months
2 months
9. Repairing Expenses
12,000
10,000
Loan is taken for construction purpose for both the houses. In case of 2nd
House only three quarters of Municipal Tax paid by Mr. Sarkar. Compute Mr.
Sarkar's Income from House Property for the relevant Assessment Year.​

Answer 1

Answer:

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